Federal Reserve Bank of Richmond Reviews
Updated Jul 16, 2021
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Found 122 of over 149 reviews
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"Benefits, bonus every year, work life balance, cares about employees" (in 26 reviews)
"Potential for long term employment with great benefits including pension plan" (in 16 reviews)
"Can be bias, very busy hard to have work/life balance" (in 6 reviews)
"Not innovative due to a lot of "process" requirements and red tape" (in 6 reviews)
- Current Employee★★★★★
Pros
Culture is the best you can find
Cons
Nothing comes to mind - other than slow to innovate
- Current Employee★★★★★
Pros
Great benefits and thrift plan
Cons
Not enough staff. Lots of weekends
- Current Employee★★★★★
Pros
Great Great Great Great Great
Cons
None None None None None
- Former Employee★★★★★
Pros
Job stability employer funded pension 401k match dollar for dollar 6% + free 1% (put in 6% and get 13%) Options for 100% healthcare - overall very good benefits Remote work accepted for most jobs
Cons
1.micro management 2.clueless management 3.horrible decisions made by management 4.poor management 5.the culture is so bad that the fed has to rip off another companies culture and try to institute it 6. promotions based on time served 7. poor performing employees are not reprimanded instead the better workers assume the heavy lift 8. Really bad management 9. VP + above have absolutely NO CLUE - they make decisions based on what "fed" has always done and not what the market calls for
Continue reading - Current Employee, more than 8 years★★★★★
Pros
Culture is top notch and welcoming of everyone
Cons
Nothing comes to mind right now.
- Current Employee★★★★★
Pros
Work Life Balance, People, and Challenging Work
Cons
Limited opportunities for future advancement
- Former Employee, more than 1 year★★★★★
Pros
Everyone at the Fed was very kind. Everyone I worked with was genuinely interested in helping with my career development. Benefits are generous. I think it is an underrated place for young people to work, especially considering benefits like tuition reimbursement and the low cost of living in Richmond. From few interactions, I think Tom Barkin is intelligent, hard-working, and makes an effort to be approachable to employees. It seems like he has been promoting excellent initiatives (rural economies, early childhood education, etc).
Cons
Like government organizations, the Fed slow to prioritize the adaption of new technology. I enjoyed my short time there, but this is not a place where I want to work long-term.
- Current Employee, more than 8 years★★★★★
Pros
Benefits, flexibility, people, community activities
Cons
Career path needs to be better defined Old boys / girls network
Continue reading - Former Employee, more than 10 years★★★★★
Pros
Mission focused, inclusive workplace where everyone is encouraged to bring their best self to work and lead from where they are in the organization.
Cons
Consensus driven decision making given the federated structure of the Fed can make it feel like 'ground hog day'.
- Current Employee, more than 10 years★★★★★
Pros
HEALTH. Medical Insurance, Vision Insurance, Dental Insurance, Life Insurance , Short & Long-Term Disability Insurance. FINANCE. Flexible Spending Account , Retirement Savings Plan, Free Checking Account, 125 Flex Plan, Paid Time Off, Growth Opportunities, Concierge Services, Tuition Reimbursement.
Cons
long i have been with the company, i could not find a dent
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